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The Latest Breaking News from Citi

Here's Why Analysts Remained Bullish On Microsoft Despite Price Target Cut

Two analysts remained bullish despite slashing their price targets on Microsoft Corp (NASDAQ:MSFT). Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from $386 to $355 (24.8% upside). Amidst rising investor concerns around the sustainability of robust software demand and valuation multiples, Citi analyst Tyler Radke expects MSFT's results to…

Monzo and beyond: How TS Anil put banking in a new light

Monzo and beyond: How TS Anil put banking in a new light

The fintech startup’s boss always hoped it would make waves, but has only recently realised what his own career has meant to people of colour in banking

The Guardian - UK

Why Bank Stocks Like U.S. Bancorp (USB), Goldman Sachs (GS) And Citigroup (C) Are Trading Higher Today

Why Bank Stocks Like U.S. Bancorp (USB), Goldman Sachs (GS) And Citigroup (C) Are Trading Higher Today

The Q1 earnings season is officially underway, with the major US banks reporting on their performance in the three months to the end of March.

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Yet Another Analyst Sees Slowdown In PC Shipment Causing Headwind For Intel

Citi analyst Christopher Danely saw Intel Corp (NASDAQ: INTC) experience some headwinds as PC shipments fell below Citi's estimates.

Citi Is Bullish On Apple, Comments On Dividend, New Products and Market Value

Citi analyst Jim Suva saw "several positive drivers" for Apple Inc's (NASDAQ: AAPL) products and services despite geopolitical risks and consumer spending concerns.

HSBC Slashes Price Targets On Alibaba, Baidu Due to China's Covid Surge, Regulatory Crackdown

HSBC analyst Charlene Liu cut the price target on Baidu Inc (NASDAQ:BIDU) to $180 from $195 (31.3% upside) and kept a Buy rating on the shares. The analyst now assumes a worse impact from COVID-19 on the company's core ad and cloud businesses and margins, seeing a recovery only in Q4. Liu reduced the price…

Will Roblox Investors Have To Endure More Pain? Why This Investor Thinks 'All-Time Lows Are In Its Future'

Citigroup Inc (NYSE: C) gave the go-ahead to investors looking to enter the metaverse via Roblox Corp (NYSE: RBLX) on Thursday, but one investor thinks the analyst firm needs to snap back to reality. <

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Read How Analysts Reacted To Simply Good Foods' Q2 Results

Read How Analysts Reacted To Simply Good Foods' Q2 Results

Citi analyst Wendy Nicholson raised the price target on Simply Good Foods Co (NASDAQ: SMPL) to $48 from $46 (15% upside) and kept a Buy rating on the shares.

Yet Another Analyst Slashed Alibaba's Price Target, Outlook Following China's Covid Outbreak

Yet Another Analyst Slashed Alibaba's Price Target, Outlook Following China's Covid Outbreak

Benchmark analyst Fawne Jiang reduced the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $220 from $235 (104.3% upside) and kept a Buy rating on the shares. Jiang cut her fiscal Q4 revenue forecasts in China commerce direct sales to reflect the disruption of offline businesses due to COVID lockdowns. Jiang lowered International Retail…

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares. Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

Citi Cuts Middleby Price Target By ~12% - Read Why

Citi Cuts Middleby Price Target By ~12% - Read Why

Middleby Corp (NASDAQ:MIDD) price target was lowered to $190 (an upside of 19%) from $215 by Citi analyst Timothy Thein. Meanwhile, the analyst maintained the Buy rating on the shares. Thein reduced Middleby's first half of 2022 margin view citing raw material and supply chain/logistics cost inflation that shows minor reduction signs. As…

VanEck Analyst Predicts $4.8 Million Bitcoin Price

VanEck Analyst Predicts $4.8 Million Bitcoin Price

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Next Generation Of The Internet Is A $13 Trillion Market, Bank Says

Next Generation Of The Internet Is A $13 Trillion Market, Bank Says

Meta Platforms, Nvidia, Microsoft and Roblox are among the companies changing the internet with metaverse and Web3 ideas.

Investors Business Daily

Analysts Slash Price Target On This Clothing Company - Read Why

Analysts Slash Price Target On This Clothing Company - Read Why

Analysts slashed their price target on PVH Corp (NYSE:PVH) following the company's Q4 results. Citi analyst Paul Lejuez lowered the price target to $94 from $105 and kept a Neutral rating on the shares, implying a 21% upside. The analyst noted, though the company delivered strong Q4 earnings, the business remains choppy in the…

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Evening Standard

Turning London’s office blocks green will cost £30 billion, says Savills

Under proposed regulations all commercial office buildings will need to register an environmental performance certificate (EPC) by 2025

Why This Citigroup Analyst Is Turning Bearish: 'Higher Tail Risks'

Citigroup Inc’s (NYSE: C) prospects have been hurt by the lack of near-term catalysts and the negative impact of de-globalization, according to Morgan Stanley.

Why Bank Analyst Is Bullish On Citigroup Following CFO Meeting

Citigroup Inc (NYSE: C) shares have lagged the S&P 500 and many of its banking peers so far in 2022, but Bank of America analyst Ebrahim Poonawala said Monday that a recent meeting with Citigroup CFO Mark Mason has him feeling extremely optimistic about the stock's outlo

Ignoring abortion access is getting harder for companies

New restrictions could soon put more pressure on big businesses to act.

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Tribune News Service

Citi to cover worker abortion travel as states limit access

Citigroup Inc. is starting to cover travel costs for employees seeking abortion after several states including Texas implemented or proposed a near-total ban on abortions.

The Guardian - UK

Russia threatens to pay external debt in roubles; Ukraine’s GDP ‘could shrink 35%’; UK petrol to surge – as it happened

Rolling coverage of the latest economic and financial news

Goldman Sachs, JPMorgan Head For The Exits In Russia: Will Other Wall Street Firms Follow Suit?

Russia's unilateral aggression in Ukraine has drawn the ire of people from all quarters.

Citi Remains Bullish On This EV Company, Trims Price Target

Citi analyst Beatrice Lam lowered the price target on Niu Technologies (NASDAQ:NIU) to $35 from $39 and kept a Buy rating on the shares, implying a 303% upside. Lam noted that the company reported "solid" fiscal 2021 earnings with 52% year-over-year growth in revenue. The analyst trimmed the price target to factor in more conservative…

Analysts Slice Down This Pizza Chain's Price Targets

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

Why BofA Cuts Citigroup Price Target After Investor Day

Citigroup Inc’s (NYSE: C) management presented a “realistic set of financial goals” during the investor day event, according to BofA Securities.

Jefferies Raises Price Target On This Small-Cap 'Stand Out' Biotech Stock

Ardelyx Inc (NASDAQ:ARDX) shares are trading higher after Jefferies upgraded shares to Buy from Hold and raised the price target on the stock to $5 from $1. Analyst Chris Howerton thinks Ardelyx "stands out" given that the Company has an approved IBS-C product, Isbrela, that will launch in April and whose commercial…

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Kristalina Georgieva

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